When I wrote my first book, Currency Wars, in 2011, I was met with a wave of rejection and ridicule from central bankers. They uniformly denied that monetary policy was used to manipulate exchange rates. They insisted that monetary policy was exclusively used to achieve domestic policy goals related to price stability and unemployment. The idea that
Huawei is China’s “national champion” in the field of digital technology and telecommunications. It is the largest cellphone maker in China and a leader in the next-generation 5G technology that will revolutionize mobile devices with much faster speeds for streaming and apps. A global struggle for dominance in 5G is underway between Huawei and various
We’ve written many times about the move toward a cashless society, in which physical cash would become either obsolete or illegal (probably both) and all payments would be made in digital form with credit cards, debit cards, smartphones and other forms of electronic money. The motivation for this is to lock consumers into easily traceable
The leading Democratic candidates for president and numerous members of Congress have come out in favor of Medicare for All, free child care, fee tuition, a guaranteed basic income even for those unwilling to work and a Green New Deal that will require all Americans to give up their cars, stop flying in planes and
By now, most Americans are tired of the endless news reports about the Mueller investigation and allegations of “Russian collusion” by Donald Trump. There’s not a shred of evidence that Trump colluded with Russians, despite daily allegations for the past two years. (There’s ample evidence that Hillary Clinton did collude with Russians to produce the
